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The total population of Franklin township is estimated to be 1,701 with 814 males (47.85%) and 887 females (52.15%). There are 73 more females than males in Franklin township.
The median household income in Franklin township was $68,638 in 2021, which marked an an increase of 10,092(17.24%) from $58,546 in 2020. This income is 92% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Franklin township sees its highest median household income among householders in the age group of 45 to 64 years old, at $88,905. Overall, the median household income for the township of Franklin township stands at $68,638.
In Franklin township, the median income for all workers aged 15 years and older, regardless of work hours, was $34,347 for males and $24,289 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $64,855 for males and $51,614 for females.
In Franklin township, population is primarily represented by White households, reporting a median income of $70,259.
In 2022, the population of Franklin township was 1,514, a 0.07% decrease year-by-year from 2021. Previously, in 2021, Franklin township's population was 1,515, an increase of 0.80% compared to a population of 1,503 in 2020.
The median age in Franklin township, Houghton County, Michigan is 32.3, as per 2021 ACS 5-Year Estimates. Of the total population, 28.35% were under the age of 15, 18.32% aged 15 to 29, 39.67% aged 30 to 64, 12.54% aged 65 to 84, and 1.11% were 85 years of age and older.
Racial distribution of Franklin township population: 93.93% are White, 0.23% are Black or African American, 0.06% are American Indian and Alaska Native, 1.17% are Asian, 0.18% are some other race and 4.43% are multiracial.